Survival & Freedom #3: Cryptocurrency
Posted: Thu Feb 04, 2021 10:42 pm
This is in part a follow up to the blockchain, #2. To even handle the idea of Cryptocurrency, you need to understand the Blockchain first. The Blockchain is very important for a lot of reasons, but a big one is the operation of cryptocurrency.
This was inspired by the recent Tucker Carlson story about Bank of America turning over financial records to the FBI etc following the incident at the Capital. Now - I do not know if this is true or not. The story is pretty fresh. Tucker Carlson in my eyes is about as valid as the hosts on CNN. He is paid to incite rage/anger/emotion in a specific segment of the market to get views and viewers for advertising dollars. We'll see how that pans out.
But I have long made fun of the names of these banks: Bank of Ruin America, Citi Skank, Wells Fargo - now robbing the stagecoach. This would not surprise me that this was true at all. These banks exist for one purpose: Return maximum dollars to the shareholders (that ain't you, or even anyone you know, or even anyone running the Government). They do that by one means - getting you in debt as much as they possibly can while having you pay the interest.
Most people have very little idea how money really works; Debt, deflationary economies, the sustaining of interest payments, etc...People say it isn't true and disbelieve it as if it isn't true because the real way money is created and operates is so simple, and so wrong, they simply cannot accept it.
You need to learn what crypto currency is, and become able to use it. You need to be able to identify good ones from bad ones, and learn how to acquire it, and move it around. Gold and Silver are nice, but when it REALLY becomes time to move, it will be all but useless. You can be stopped at a border, at an airport, at port or anywhere and gold can be found and confiscated. Besides that - it is all but un-spendable in it's raw form, and challenging to convert with being tracked or identified. The US has already put capital restrictions on moving it. Don't believe me? Get $10k of Gold and try to take it to England.
Being able to use crypto is the only way you are going to be able to acquire wealth that is untraceable and portable. Remember - Banks and the US Gov will be making Blockchains too. And once your pension is in that - they will have total control of turning your access on and off. Bitcoin (and others) not so much or not at all. Soon, every financial transaction you make will be identifiable and traceable by the government. It already is to a great degree. The Tucker Carlson vid states the search parameters. If you think the Government can't figure out who most likley has a 30 rd magazine - without actually looking at the actual receipt - you are fooling yourself.
Digital currency is going to be a financial survival skill in the coming decade. I have been involved with it for a few years now. It has been around for over a decade. It is a real thing, and it isn't going away. But it will be turned against you if you don't understand and control it.
This was inspired by the recent Tucker Carlson story about Bank of America turning over financial records to the FBI etc following the incident at the Capital. Now - I do not know if this is true or not. The story is pretty fresh. Tucker Carlson in my eyes is about as valid as the hosts on CNN. He is paid to incite rage/anger/emotion in a specific segment of the market to get views and viewers for advertising dollars. We'll see how that pans out.
But I have long made fun of the names of these banks: Bank of Ruin America, Citi Skank, Wells Fargo - now robbing the stagecoach. This would not surprise me that this was true at all. These banks exist for one purpose: Return maximum dollars to the shareholders (that ain't you, or even anyone you know, or even anyone running the Government). They do that by one means - getting you in debt as much as they possibly can while having you pay the interest.
Most people have very little idea how money really works; Debt, deflationary economies, the sustaining of interest payments, etc...People say it isn't true and disbelieve it as if it isn't true because the real way money is created and operates is so simple, and so wrong, they simply cannot accept it.
You need to learn what crypto currency is, and become able to use it. You need to be able to identify good ones from bad ones, and learn how to acquire it, and move it around. Gold and Silver are nice, but when it REALLY becomes time to move, it will be all but useless. You can be stopped at a border, at an airport, at port or anywhere and gold can be found and confiscated. Besides that - it is all but un-spendable in it's raw form, and challenging to convert with being tracked or identified. The US has already put capital restrictions on moving it. Don't believe me? Get $10k of Gold and try to take it to England.
Being able to use crypto is the only way you are going to be able to acquire wealth that is untraceable and portable. Remember - Banks and the US Gov will be making Blockchains too. And once your pension is in that - they will have total control of turning your access on and off. Bitcoin (and others) not so much or not at all. Soon, every financial transaction you make will be identifiable and traceable by the government. It already is to a great degree. The Tucker Carlson vid states the search parameters. If you think the Government can't figure out who most likley has a 30 rd magazine - without actually looking at the actual receipt - you are fooling yourself.
Digital currency is going to be a financial survival skill in the coming decade. I have been involved with it for a few years now. It has been around for over a decade. It is a real thing, and it isn't going away. But it will be turned against you if you don't understand and control it.
